I don't know if you have ever worked in a larger team that lacked someone to make decisions, take responsibility and set a strategy, but in my experience that is almost always a disaster.
I’m fine with twice the amount of a developer. Taking into account responsibility, public involvement and special clothing. Travel costs and so on are separate. The developers are doing the hard work.
There is not “team” if a MBA or lawyer gets 38 times the wage of an actual person doing the work.
I don't personally like it (so generally did not allow to happen to me), but if some people feel "safer" getting lower pay (less chance of getting fired, easier to get re-hired as there are more low paid positions than high paid positions), the natural result is that it will happen.
My experience is that both high and low paid positions are not as "safe" as people think they are (seen multiple changing in various organizations types), so people should care more about finding a reasonable organization.